Economy and commerce

Myanmar is moving to exploit solar and wind energy, but experts said such attempts must be stepped up to smoothen the country’s development. Soe Soe Ohn, director of the national electrification project at the Rural Development Department, said solar energy offered high potential particularly in rural ...

The Lao Securities Commission Office is advising people considering making deposits with financial institutions to make a careful assessment before going ahead. Various financing companies in Laos are encouraging people to deposit with them by offering a higher rate of interest than that provided by banks ...

Many Japanese companies are aware of potential risks in the Vietnamese real estate sector but they have an increasing presence in this market, according to Tokyo-based Recof Corporation, a consultant on merger and acquisition (M&A) deals. Masataka Sam Yoshida, senior executive for the Vietnam market at ...

Government officials and union groups on August 23 cast doubts on the findings issued by the industry body for the nation’s garment and footwear manufacturers, challenging its claim that mounting investor concerns had forced dozens of local factories out of business and resulted in a sharp ...

Many newly emerged businesses have been sold to foreign investors as soon as they became better known, and before they could become powerful conglomerates. More than 90 percent of Vietnamese businesses are small and Vietnam does not have large corporations which can act as pillars in ...

More than 300 business people, academia, and speakers from institutes in and out of ASEAN are expected to attend the ASEAN Business and Investment Summit 2016 next month. The number was reported by the Lao National Chamber of Commerce and Industry on August 23. According to LNCCI, ...

The heads of missions of five ASEAN countries based in Dubai met in a networking event for the first time with leaders of their communities on August 22 to discuss future areas of collaboration and cooperation from the Middle East to their home countries. ASEAN was established ...

Iran is pitching its massive gas sector for trade with Asia where it sees a better market for exports than Europe. “Gas prices are more attractive in East Asia than in Europe,” Deputy Petroleum Minister for trade and international affairs Amir-Hossein Zamaninia has said. In August, Japan ...

Champassak province farmers will be supported in planting thousands of hectares of cashew nut trees after the provincial Administration Office gave the go ahead for a US$9 million Korean project. Deputy Director of the provincial Agriculture and Forestry Department, Mr Viengsay Sipraphone, told Vientiane Times on ...

Deputy Prime Minister Somkid Jatusripitak expects to propose the transport-system projects to serve the planned East Economic Corridor to the Cabinet in October. “If these projects are proposed to the Cabinet, they will go ahead swiftly, early next year. I’d like to see the East Economic ...